Moury Construct (STU:FO3) Intrinsic Value: DCF (Dividends Based): €989.85 (As of Aug. 11, 2026) — 167671% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:FO3 Moury Construct SA STU:FO3
98 GF Score
Price €728.00
GF Value €717.16
! 2 Warning Signs
View Full Analysis

What is Moury Construct Intrinsic Value: DCF (Dividends Based)?

Moury Construct STU:FO3 -0.55% 98 Intrinsic Value: DCF (Dividends Based) is €989.85 as of Aug. 11, 2026, which is 100% below its 10-year median of 0.59. GuruFocus rates STU:FO3 with a GF Score™ of 98/100 and a GF Value™ of €717.16. The stock has 2 warning signs investors should review. Among 190 Construction companies, Moury Construct ranks worse than 52.11% on this metric.

As of today (2026-08-11), Moury Construct's intrinsic value calculated from the Discounted Dividend model is €989.85.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Moury Construct's Predictability Rank is 4-Stars.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Moury Construct is 26.45%.

The historical rank and industry rank for Moury Construct's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

STU:FO3' s Price-to-DCF (Dividends Based) Range Over the Past 10 Years
Min: 0.38   Med: 0.59   Max: 0.75
Current: 0.74

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Moury Construct was 0.75. The lowest was 0.38. And the median was 0.59.

STU:FO3's Price-to-DCF (Dividends Based) is ranked worse than
52.11% of 190 companies
in the Construction industry
Industry Median: 0.73 vs STU:FO3: 0.74

Moury Construct  (STU:FO3) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Moury Construct Intrinsic Value: DCF (Dividends Based) Related Terms


Moury Construct Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Moury Construct's Intrinsic Value: DCF (Dividends Based) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Moury Construct Intrinsic Value: DCF (Dividends Based) Chart

Moury Construct Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: DCF (Dividends Based)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 624.65 1,034.39 783.43 916.43

Moury Construct Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: DCF (Dividends Based) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,034.39 0.00 783.43 0.00 916.43

STU:FO3 vs PWR, FIX, EME: Intrinsic Value: DCF (Dividends Based) Comparison

For the Engineering & Construction subindustry, Moury Construct's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Moury Construct Price-to-DCF (Dividends Based) vs Construction Industry

For the Construction industry and Industrials sector, Moury Construct's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Moury Construct's Price-to-DCF (Dividends Based) falls into.


STU:FO3
98GF Score
Moury Construct SA STU:FO3
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moury Construct Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 10%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 3.51%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 7.60%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Moury Construct's average Dividend Growth Rate in the past 10 years was 7.60%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 7.60%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = €66.6864.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Moury Construct's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.076)/(1+0.1) = 0.97818181818182
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.1) = 0.94545454545455

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=66.6864*14.8434
=989.85

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (989.85 - 728.00) / 989.85
= 26.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: DCF (Dividends Based) of €989.85 mean?
Moury Construct (STU:FO3) has a Intrinsic Value: DCF (Dividends Based) of €989.85 as of Aug. 11, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Moury Construct and its competitors. This is 167671% above median its historical median of 0.59. Over the past decade, Moury Construct's Intrinsic Value: DCF (Dividends Based) has ranged from 0.38 to 0.75. According to the industry distribution chart, Moury Construct ranks #99 out of 190 companies in the Construction industry, placing it in the top 52.1%.
Is Moury Construct's Intrinsic Value: DCF (Dividends Based) too high?
Moury Construct's current Intrinsic Value: DCF (Dividends Based) of €989.85 is 167671% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 0.75. Based on the distribution chart, Moury Construct ranks #99 out of 190 companies in the Construction industry, which is below the industry midpoint. Overall, Moury Construct has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Moury Construct's Intrinsic Value: DCF (Dividends Based) compare to PWR and FIX?
According to the Construction industry distribution chart, Moury Construct ranks #99 out of 190 companies for Intrinsic Value: DCF (Dividends Based). This places Moury Construct in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 0.73. Historically, Moury Construct's own Intrinsic Value: DCF (Dividends Based) has ranged from 0.38 to 0.75 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: DCF (Dividends Based) for a Construction company?
The median Intrinsic Value: DCF (Dividends Based) among Construction companies is 0.73, based on 190 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Moury Construct and its competitors. For the Construction industry, the median Intrinsic Value: DCF (Dividends Based) is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moury Construct's current Intrinsic Value: DCF (Dividends Based) is €989.85, which is 167671% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moury Construct stock overvalued right now?
Moury Construct (STU:FO3) has a current Intrinsic Value: DCF (Dividends Based) of €989.85. The stock's GF Value™ is €717.16, compared to a current price of €728.00 — trading 1.5% above its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is €989.85, which is 167671% above median its 10-year median of 0.59. Moury Construct's overall GF Score™ is 98/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Moury Construct (STU:FO3), the current Intrinsic Value: DCF (Dividends Based) is €989.85 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Moury Construct (STU:FO3) Overvalued in 2026?

Based on GuruFocus' analysis, Moury Construct stock appears to be overvalued. The current stock price of €728.00 is trading 1.5% above its estimated GF Value™ of €717.16.

Key valuation signals for STU:FO3:

  • Intrinsic Value: DCF (Dividends Based): €989.85 (167671% above median its 10-year median of 0.59)
  • GF Value™: €717.16 vs. price of €728.00 (1.5% above fair value)
  • GF Score™: 98/100 with 2 warning signs

No single metric tells the full story. See the STU:FO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moury Construct Business Description

Other Exchanges MOUR:Belgium
Address Rue du Moulin, 320, Liege, BEL, 4020
Moury Construct SA is a Belgium based company engaged in the construction industry. It specializes in residential construction such as new housings, non-residential construction such as factories, commercial office, hospitals, schools & renovation services which includes rebuilding and modernization of existing buildings.
98GF Score

Get the complete analysis for STU:FO3

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€728.00
Price
€717.16
GF Value